When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and other costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs.

For help with a particular item, click on the "?" next to the item.

Existing Loan
Remaining balance on your current loan:	$
Current monthly payment:	$		(Principal & Interest)
Current rate:		%
New Loan
New rate:		%
Points:		%
Fees and closing costs:	$
New term:		months
Other Information
Your income tax rate: ?		%
Your investment rate of return: ?		%
How long will you keep this property: ?		months